Musk’s loss comes as a result of the drop in the shares of the electric car company “Tesla” on the American Stock Exchange
American businessman and billionaire Elon Musk lost about $ 20.3 billion in one day, but he still maintained his position as the richest man in the world.
And the “Economic Times” magazine said, on Friday evening, that Musk’s loss comes as a result of the decline in the shares of the electric car company “Tesla” on the American Stock Exchange.
Tesla’s shares fell by 9.7%, after the company’s CEO, Elon Musk, suggested that the company would continue to reduce the prices of its electric cars.
According to Bloomberg data, Musk’s wealth fell by about $20.3 billion to $234.4 billion, and this decline is the seventh largest decline in Musk’s wealth in history.
Despite the decline in Elon Musk’s fortune, he maintained his position as the richest man in the world.
Musk is an American entrepreneur and technology personality, and he is the owner and president of several companies; Including “Tesla” and “Twitter”, and he has many companies that he has accomplished in the world.
2023-07-22 15:32:25
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